Intel has announced it will be delaying its construction timeline for its $20 billion semiconductor chip plant in central Ohio.
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The company said this was due to business conditions and the demand environment, a spokesperson told our news partner WBNS in Columbus on Thursday.
The initial timeline had chip-making beginning in 2025 but construction on the project’s manufacturing facilities is not expected to be complete until late 2026, according to the Wall Street Journal .
“Managing large-scale projects often involves adapting to changing timelines, a common occurrence in the industry. Our decision-making is anchored in market dynamics and responsible capital management,” said an Intel spokesperson.
News Center 7 originally reported back in January 2022 that Ohio beat out 40 states to build Intel’s new $20 billion chip facility in Licking County.